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NEW YORK (TheStreet) --
Yelp shares soared 26.01% to $31.88 after the social networking and recommendations site posted results that beat Wall Street expectations.
For the three months ended in March, Yelp's revenue rose 68% year-over-year to $46.1 million, ahead of the $44.5 million expected by Wall Street. In the company's press release, CEO Jeremy Stoppelman said, "we saw record quarterly increases in absolute numbers in both the number of businesses that claimed their Yelp page and the increase in the number of paying local advertisers."
Yelp was recently featured by TheStreet
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